Cancellation of contract?

If we sign a contract and cancel it within 12 hours are we bound by it? It was signed by a business consultant whose business card was a different company to the company that we signed the contract with.

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Alasdair Taylor's Answer

There is no general rule in English law that a contract may be cancelled within a short period following signature. There are some specific circumstances where a “cooling-off” period may apply (eg B2C distance or doorstep contracts), but they are the exception not the rule. It’s not clear to me how the business card may affect the legal position.

In any case, if there is a significant amount of money at stake here, you should take advice from a solicitor. There may be something about the circumstances of the contract that leads you to having some special rights here.

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